Financial Manager

Responsibilities:

Financial Management & Reporting

• Oversee day-to-day financial operations and ensure accurate, timely, and compliant financial reporting.
• Prepare and analyse monthly, quarterly, and annual financial statements, highlighting performance trends and variances.
• Develop and manage the company's annual budget, financial forecasts, and long-term financial strategy.
• Provide periodic financial dashboards, cost-tracking reports, and profitability analyses for management decision-making.

Treasury & Cash Flow Management

• Manage cash flow planning to ensure adequate liquidity for operations and investments.
• Oversee bank relationships, loan facilities, and financing arrangements where applicable.
• Implement effective cash management and disbursement controls

Cost & Inventory Control

• Monitor cost of goods sold (COGS), gross margins, and profitability across vehicle sales, spare parts, and workshop services.
• Supervise inventory valuation, reconciliation, and stock optimisation for vehicles, parts, and workshop materials.
• Develop cost-reduction initiatives and financial controls to improve operational efficiency.

Regulatory Compliance & Audit

• Ensure compliance with statutory requirements, including VAT, PAYE, WHT, CIT, and other financial regulations.
• Coordinate internal and external audit processes, providing required documentation and ensuring implementation of audit recommendations.
• Establish, review, and maintain robust internal control systems across the company.

Financial Operations Oversight

• Approve and validate job cards, service invoices, procurement expenses, and workshop-related postings.
• Oversee accounts receivable, accounts payable, billing, and collections for all business units.
• Maintain the fixed asset register and supervise periodic asset verification and depreciation schedules.

Strategic Support & Leadership

• Provide financial insights that support pricing strategies, investment decisions, and business growth initiatives.
• Partner with the Managing Director and departmental heads to enhance profitability and operational performance.
• Lead, mentor, and develop the finance team to strengthen capacity and ensure adherence to best practices.

Requirements:

• HND/BSc in Accounting, Finance, Economics, or related field.
• Minimum of 3-7 years of hands-on financial management experience, preferably within the automobile industry or a structured organisation.
• Professional certification (ICAN, ACCA, ANAN) is strongly preferred.
• Solid experience in budgeting, financial modelling, treasury management, and cost control.
• Proficiency in accounting and ERP systems such as SAP, Sage, QuickBooks, or Tally.
• Strong analytical, leadership, and stakeholder management skills.
• High ethical standards, attention to detail, and the ability to work under pressure.
• Financial planning and analytical capability
• Strong grasp of automotive and workshop financial processes
• Advanced cost-control and profitability analysis
• Excellent leadership, communication, and interpersonal skills
• High level of integrity, confidentiality, and professionalism
• Strong reporting and presentation skills
• Key Performance Indicators (KPIs)
• Timeliness of monthly and quarterly financial reports (within defined deadlines).
• Accuracy rate of financial statements and reconciliations (target: 98%+).
• Reduction of reporting discrepancies and audit queries.
• Timely completion of annual budgets and periodic forecasts.
• Variance between budget and actual spending (±5–10% acceptable variance).
• Reduction in operational costs through implemented controls and efficiency initiatives.
• Maintenance of optimal cash flow levels to support business operations.
• Reduction in idle funds and improvement in cash utilisation efficiency.
• Effectiveness of receivables and payables management (DSO, DPO performance).
• Zero penalties from regulatory bodies (FIRS, State IRS).
• Successful completion of internal and external audits with minimal issues raised.
• Implementation rate of audit recommendations (target: 95%+).
• Accuracy of inventory valuation and reconciliation.
• Reduction in stock discrepancies and losses.
• Monitoring and reporting of COGS and gross profit margins.
• Location: Osogbo, Osun State (willing to relocate)
• Renumeration: NGN 150,000